The order was received from the New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP).
The 77.40 MW project, valued at Rs 445.03 crore, involves the design, engineering, supply, installation, testing, and commissioning of 2KW solar rooftop systems.
Under this utility led aggregation (CAPEX) model, Crompton will solarize 38,699 SC & ST consumers, focusing on extending clean energy access to underserved communities.
The project is expected to be completed within approximately six months. Being a domestic order, the contract does not involve any related-party transactions, and Crompton’s promoters and group companies have no interest in NREDCAP.
Crompton Greaves Consumer Electricals is one of the leading consumer companies in India with a brand legacy of over 75 years. It is an independent company under professional management, operating in two business segments: lighting and electrical consumer durables. We market our products under the “Crompton” brand name in India and select export markets.
The company’s consolidated net profit tanked 19.4% to Rs 122.29 crore on a 6.5% decline in revenue from operations to Rs 1,998.34 crore in Q1 FY26 over Q1 FY25.
Shares of Crompton Greaves Consumer Electricals shed 0.34% to Rs 289.90 on the BSE.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."